- Elon Musk feels that the rebranding of the Twitter logo to Doge has had no notable impact.
- Musk is portrayed as one of the constant supporters of Shiba Inu dog-based memecoins.
Twitter, the social media platform, has rebranded itself from Twitter to X. Users are more excited about the rebranding and sharing their thoughts on it. A reply from the Twitter boss and Tesla CEO Elon Musk regarding his previous Twitter logo change to a Shiba Inu dog sparks speculations among the crypto community.
We rebranded to a Shiba Inu dog for a while. No impact.
— Elon Musk (@elonmusk) July 25, 2023
On July 25, an engineer from company “X” sarcastically tweeted that even if the social media platform rebranded to a donkey, he would still only scroll for 6 hours daily. The tweet came after the platform underwent a rebranding as “X.” This statement from the user caught the attention of Elon Musk, who retweeted, “We rebranded the Shiba Inu dog for a while. No impact.” The playful tweet by the user about the Twitter rebranding has gone viral.
Musk has been continuously showing a peculiar interest in memecoins over a long period of time. His actions have directly impacted the trading price of the memecoins, especially on his favorite Dogecoin (DOGE).
Elon Musk’s Previous Rebranding Had No Impact
Before rebranding Twitter to X, Elon Musk changed the Twitter logo to a Shiba Inu dog. The change has become more controversial and raised the question of whether he is promoting the popular memecoin DOGE with the logo change. Moreover, the trading price of Dogecoin also experienced an increase after the logo change. The Tesla CEO feels that the rebranding of the Shiba Inu dog logo has had no impact.
In the crypto market, he is known for his Doge-related tweets. Whenever he posts a hint about the memecoin, it directly reflects on the Dogecoin (DOGE) price, resulting mostly in surges. Recently, after the Twitter rebranding, DOGE experienced a massive surge. However, Musk stated that the rebranding had no impact on the social media platform.
